In Jan 11, I had recalculated my total debt which is totally from the mortgage loan of my flat to be $29K. The calculation is based on using the outstanding housing loan amount minus away my total family CPF OA amount.
Today I have recalculated my total debt again, and the total debt has greatly reduced by $4k to $25k. The big reduction is contributed mainly from the bonus and the dividends from my shares. In my last post, I mentioned that I wanted to reduce my total debt to $0 within the next five years and I think it is achievable in less than five years.
3 comments:
Congratulations of becoming debt-free soon
Hi,
Congratulations to you.Stick to debt-free strategy and you will find out to your own surprise that you accumulate wealth much faster than you plan. Believe me, I don't really have a plan, i just know that i must be debt free as soon as possible, and i am surprised at the "end of the day". Ha! Ha!
Well done.Peace of mind is important and also an obligation to your family. So that you can run faster later.
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